3i Group (LON:III) Shares Cross Above 200-Day Moving Average of $1,314.91

3i Group plc (LON:III – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,314.91 ($15.87) and traded as high as GBX 1,653.50 ($19.95). 3i Group shares last traded at GBX 1,649.50 ($19.90), with a volume of 1,319,177 shares changing hands.

Analyst Ratings Changes

III has been the subject of several research analyst reports. Barclays upped their price target on shares of 3i Group from GBX 2,025 ($24.44) to GBX 2,275 ($27.45) and gave the company an “overweight” rating in a report on Friday, January 27th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Monday, January 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, 3i Group presently has a consensus rating of “Buy” and an average target price of GBX 1,366.33 ($16.49).

3i Group Price Performance

The company has a market cap of £16.05 billion, a price-to-earnings ratio of 445.81, a PEG ratio of -0.35 and a beta of 1.14. The company has a quick ratio of 0.09, a current ratio of 0.14 and a debt-to-equity ratio of 8.01. The company’s fifty day moving average price is GBX 1,515.34 and its two-hundred day moving average price is GBX 1,317.23.

Insider Transactions at 3i Group

In other 3i Group news, insider Jasi Halai acquired 3,168 shares of the business’s stock in a transaction dated Tuesday, January 31st. The shares were acquired at an average price of GBX 1,570 ($18.95) per share, with a total value of £49,737.60 ($60,018.82). In other 3i Group news, insider Jasi Halai acquired 3,168 shares of the business’s stock in a transaction dated Tuesday, January 31st. The shares were acquired at an average price of GBX 1,570 ($18.95) per share, with a total value of £49,737.60 ($60,018.82). Also, insider David Hutchison acquired 14,075 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was acquired at an average cost of GBX 1,634 ($19.72) per share, for a total transaction of £229,985.50 ($277,525.64). Insiders have acquired a total of 17,254 shares of company stock valued at $27,987,050 over the last 90 days. 3.23% of the stock is owned by corporate insiders.

About 3i Group

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3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.